Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...

Guyanese fabricators have a new opportunity to provide well fabrication and assembly services in support of ExxonMobil’s offshore operations. A June 7 request for information (RFI) indicates that the company plans to put in place a multi-year enabling agreement for...

Suriname is abuzz with energy. And hope too, as the country’s first offshore oil development is set to be sanctioned in a matter of months.  Thanks to successful hits in Suriname’s Block 58, operator TotalEnergies is forging full steam ahead...

Suriname’s state oil firm Staatsolie and the National Energy Corporation of Trinidad and Tobago Limited (National Energy) have signed new agreements to enhance regional energy cooperation.  The signing took place on the sidelines of the 2024...

ExxonMobil Guyana reported comprehensive income (profit) of GY$614.6 billion (US$2.9 billion) in 2023. This is a 6% increase from the company’s GY$577.7 billion (US$2.75 billion) 2022 profit.  Exxon also recorded a 47% increase in equity from GY$1.49 trillion (US$7.09 billion)...

Paramaribo, Suriname - Opening the 2024 edition of the Suriname Energy Oil and Gas Summit and Exhibition, President Chandrikapersad Santokhi gave assurance to oil companies of the Dutch-speaking nation's stable environment as he beckoned new investments.  Suriname's potential as an...

Paramaribo, Suriname - TotalEnergies announced on Wednesday that several key milestones have been reached for its first development at Suriname’s Block 58 where it is the operator. Referencing comments made on Tuesday at the 2024 Suriname Energy Oil and...

Paramaribo, Suriname - Staatsolie, Suriname's state oil firm, has big plans for its offshore oil sector, with an extensive exploration program eyed over the next two years.  "We are planning...lots of exploration wells, which is exciting because it gives the...

With planning underway for TotalEnergies’ first development in Suriname at Block 58, analysts at Rystad Energy and Wood Mackenzie are looking at two additional projects that can potentially follow. The first is a potential oil development at the nearby Block...

Subsea7 said it was awarded four long-term day-rate contracts from Petrobras, for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over US$1.25 billion and will be recorded in the backlog in the second quarter. The...